Uruguay Provides Temporary VAT Rate Reduction for Tourist Services and Tax Credit for Rentals
Uruguay has published Decree No. 342/021, which provides a temporary VAT reduction for certain services in relation to tourism. The reduction applies from 1 November 2021 to 30 April 2022 for gastronomic services when provided by restaurants, bars, cafes, and the like, or by hotels, inns, hostels, etc., provided that the services do not include lodging, as well as catering and other services f…
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